U.S. weekly jobless claims rise by more than expected to 225,000
2022.11.10 12:12
© Reuters.
By Scott Kanowsky
Investing.com — The number of Americans filing for unemployment insurance grew by more than expected last week, according to Labor Department data on Thursday.
Seasonally adjusted rose to 225,000 for the week ended on November 5, increasing from an upwardly revised previous reading of 218,000. Economists had estimated that the figure would come in at 220,000.
The – which aims to account for volatility in the data – was broadly unchanged, dropping by just 250 to 218,750.
Meanwhile, , a measurement of the number of unemployed individuals who qualify for unemployment benefits, unexpectedly moved up to 1.493 million from 1.487M in the prior week. Economists had predicted a decline to 1.475M.
If this number keeps climbing, it could be a sign that more Americans are out of work for a longer period of time.
